German Property News

The cost of real estate on the German North Sea islands is rapidly rising

The latest report published by the real estate agency Von Poll showed that housing prices in Germany on the islands in the North Sea are skyrocketing.

Tenants may be exempt from utility charges

The German Tenants’ Association has proposed abolishing heating bills. The initiative has a simple rationale: the tenant pays the full heating bill without having any say over maintenance work that might reduce heat loss in the home.

Average home size increases in Germany

The average home size in Germany has grown by 20% in the last 30 years, and this trend is gaining momentum. According to experts from Empirica Regio, Germans are increasingly opting for larger homes.

Real estate in Germany may rise in price by 13% within a year

German Real Estate portal Immoscout24 predicts that rental prices may rise in five major German cities, with prices in Berlin expected to be higher than in other areas.

First 3D-printed residential building was completed in Germany

The first residential building, fully printed on a special-purpose 3D printer, was completed on a turnkey basis in the town of Beckum, in North Rhine-Westphalia.

Research shows that residents of German cities spend half their salary on apartment rent

As per the study conducted by Hans Böckler Stiftung, an analyst at the University of Berlin, housing expenses of German households reach as much as 50% – an alarmingly large proportion.

Growth of rental rates in Germany reached 40% over the past five years

A recent study by Immowelt Property Search Portal showed that rents on new contracts have increased in at least 80 major German cities over the past five years. Furthermore, in 34 of them this growth exceeded 20%.

Experts predict an increase in German property prices

In 2021, analysts predict a rise in real estate prices for at least 4 percent. DPA, a German news agency, had recently quoted Stefan Mitropoulos, an expert in real estate: “The housing market in Germany is surprisingly stable”.